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Elon has decided not to join our board

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Re: Elon has decided not to join our board

#201

Post by smt88 »

fastball wrote: post #84
smt88 wrote: post #54

Earlier quoted context omitted.

> An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. Assuming Musk did take over Twitter, he wouldn't need to be much of a distraction. He could dictate a few rules (don't moderate Twitter, don't ban anyone, etc.) and then leave the company to function as it did before. I think what he doesn't realize is that reducing moderation…

I don't think Musk's ideas about free speech extend to allowing unfettered botting.

How can anyone tell the difference between a fascist disinformation network and a sincere idiot?

Re: Elon has decided not to join our board

#202

Post by nikolay »

soheil wrote: post #52

Wait "contingent on a background check"? This is the founder of SpaceX a contractor with NASA and DoD and you're gonna run measly background check on him? He most likely has an active TS clearance and works with ITAR.

He definitely would not pass if that check includes a drug test.

Re: Elon has decided not to join our board

#204

Post by exogeny »

Elon didn't found Tesla. He executed a board takeover. My guess is that's what he wanted to do with Twitter, didn't have the support, and bailed. Also the fiduciary stuff probably threw him off; I don't get the vibe that he actually wants to fix things so much as he wants Twitter to be his personal playground.

He clearly doesn't have anyone around him who has the balls to tell him no, and that's never a good thing.

Re: Elon has decided not to join our board

#205

Post by qwertox »

perihelions wrote: post #27
axg11 wrote: post #9

A very odd set of events and no explanation regarding Elon's change of mind. A pessimist would think that Elon has decided to go for a "hostile" takeover since he is no longer bound by the percentage holding cap. An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. It amuses me more than it should that the CEO of Twitter has poste…

- "CEO of Twitter has posted an image of text (from the iOS Notes app?)" At least he made the effort to include accessible alt-text. (Interestingly, the accessible text differs *slightly* from the picture-of-text version -- different draft revisions? Even social media CEO's don't seem comfortable with this workflow). edit: here's a diff with highlighting: https://i.imgur.com/R9wf2H5.png I'm relying on Verge's transcr…

At least the alt-text makes sense. The image has so many mistakes in it. Words are missing, sentences left dangling. The alt-text was probably the template they gave him.

Re: Elon has decided not to join our board

#206

Post by nocoiner »

yumraj wrote: post #165

FWIW, I believe the key line is this: We believed the best path forward was having Elon as a fiduciary of Twitter where he, like all board members, must act in the best interests of our company and our shareholders. The fact that Elon would have had to act in the best interest of Twitter and not his own might have been the deal breaker. OTOH, I was preparing myself to read that Elon has forced Twitter to enable Trump…

I think that Delaware has a takeover statute that’ll basically for the next few years prevent Musk from effecting a hostile takeover without the support of the board. And if he acquirers enough shares to to become a “controlling” stockholder, he’ll owe fiduciary duties to the rest of the stockholders based on his status as a controller.

Re: Elon has decided not to join our board

#207

Post by paxys »

axg11 wrote: post #9

A very odd set of events and no explanation regarding Elon's change of mind. A pessimist would think that Elon has decided to go for a "hostile" takeover since he is no longer bound by the percentage holding cap. An optimistic would think that Elon had enough self-awareness to realize it would be an overall distraction for Twitter with little benefit. It amuses me more than it should that the CEO of Twitter has poste…

The explanation is as clear as you'll get. They wanted Elon to act like a board member – be a fiduciary of the company, be trusted with confidential data, consult leadership before making announcements, don't disparage it in public. Elon decided that being able to Tweet about the company on a whim was more important to him.

Re: Elon has decided not to join our board

#209

Post by exogeny »

braingenious wrote: post #135

Serious question: Who cares? I am not trying to make a joke or seem edgy. Literally, what group of people is actually impacted by this by first or second order effects of…whatever the hell this story entails? In other words, this is on the front page of hacker news. Why?!

For what it's worth, I agree. The amount of full-throated fanboying for him is borderline sick. More than anything else, the current Elon -- note, this wasn't always the case, hence the qualifier -- is really just a childish troll with nobody around to tell him no.

Re: Elon has decided not to join our board

#210

Post by deltaonefour »

axg11 wrote: post #31
pen2l wrote: post #25

Earlier quoted context omitted.

> A very odd set of events and no explanation regarding Elon's change of mind. I don't know about the regulatory guidelines which would or would not have barred Elon from exercising any sort of control in the board, but my sources from Twitter are telling me that folks were not happy about the prospect of Elon wanting to change Twitter to be in his image and it's likely this that the higher-ups communicated to Musk a…

Elon's companies have a unique and very different culture in comparison to Twitter. Of course, Elon was not set to be CEO, but to your point, the prospect of "Elon-ification" of Twitter was going to upset a lot of employees. The part I don't get: why is Elon still tweeting ideas for improving Twitter and shaking things up?

What kind of culture do his companies have?
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